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Mercantile owner Breslin sues IBRC for negligence

Philip Connolly

October 22 2017, 12:01am, The Sunday Times

The Mercantile group has seven Dublin pubsALAMY

Michael Breslin, a US-based businessman and co-owner of the Mercantile Entertainment Group, has lodged High Court proceedings against IBRC, which is managing the winding up of the former Anglo Irish Bank.

Breslin is alleging negligence by IBRC and has retained solicitors Noel Smyth & Partners to act for him in the case, according to Courts Service records. IBRC, which took over the rump of Anglo and Irish Nationwide building society during the economic bust, is in the final stages of being liquidated by Kieran Wallace and Eamonn Richardson of KPMG.

Breslin’s case follows on from a High Court claim filed by the businessman in May against Nama, Ireland and the attorney-general in a dispute over personal guarantees relating to Anglo debts. In that case, Breslin…